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On October 25, the NAACP introduced NAACP Capital, a pioneering $200 million fund invested in strengthening communities and improving equity across the country.
NAACP Capital functions as a traditional fund and offers co-investment plans that provide resources and advocacy to a variety of innovative companies. Additionally, the fund will focus on areas such as education technology, fintech, health technology, and climate technology, and welcomes support for marginalized communities.
President and CEO issues statement regarding the fund
Derrick Johnson, NAACP President and CEO, explains how the organization’s heritage is committed through inclusion and diversity.
“As an evolving legacy organization, the NAACP knows that innovation comes from inclusion. Impact investing has the power to deliver historic economic returns and uplift overlooked communities. Deeply ingrained institutional barriers are preventing the innovative advances needed to create healthy competition in the global economy. We are working to change that.
Investing is the backbone of impact, and impact investing will shape our society and economy for generations to come. It’s time to invest in fund managers who share a positive vision of investing in innovation and technology that ensures the economy works for everyone, not just a select few. ”
This visionary program aims to foster economic empowerment and further social change by providing funding and resources to marginalized entrepreneurs.
The fund, in partnership with Kapor Capital and the Kapor Center, highlights the NAACP’s commitment to advancing economic and racial equity. The partnership also includes nine venture fund managers.
NAACP Capital seeks to leverage the power of creativity and technology to break down collective barriers by investing in inclusive fund managers and venture companies.
Jay Lundy emphasizes the importance of funding
Jay Lundy, Managing Director of NAACP Capital, shares his passion for transforming technology to improve the future.
“Through this fund, we have the opportunity to invest in and leverage the next generation of executives and founders who strive to bring technology and innovation to their communities.”
His years of experience allow him to offer a positive outlook to the program. In addition, Randy will discuss how his investment strategy focuses on generational impact. With the help of breakthrough advances in technology, it will “drive both massive impact and the highest return on investment.”
For more than 115 years, the NAACP has promoted fairness and equal opportunity regardless of skin color. Through our diverse skills and innovative solutions, NAACP Capital strives to create a welcoming space of equality and success.
NAACP Capital stimulates advancements in technology and capital systems through professional fund managers and direct startups.
